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International Economics 1 Mark Creative Question Paper With Answer Key

12th Standard

    Reg.No. :
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Economics

Time : 00:15:00 Hrs
Total Marks : 15

    Multiple Choice Question

    15 x 1 = 15
  1. IMF stands for

    (a)

    Indian Managing Fund

    (b)

    Indian's Marketing Fund

    (c)

    International Monetary Fund

    (d)

    International Marketing Fund

  2. Absolute Cost Advantage was developed by

    (a)

    Adam Smith

    (b)

    Ricardo

    (c)

    T.R.Hicks

    (d)

    Doltan

  3. Comparative cost advantages was developed by

    (a)

    Adam Smith

    (b)

    Ricardo

    (c)

    T.S.Mill

    (d)

    J.R.Hicks

  4. International trade was developed by

    (a)

    Adam Smith and Ricardo

    (b)

    Eli Heckscher and Bertil Ohlin

    (c)

    Ricardo and A.C. Pigou

    (d)

    Adam Smith and Ohlin

  5. _______ includes both visible and invisible items.

    (a)

    Balance of payment

    (b)

    Balance of Trade

    (c)

    Foreign Trade

    (d)

    None of these

  6. _______ equals Export - Import

    (a)

    Gross Import

    (b)

    Gross Export

    (c)

    Net Import

    (d)

    Net Export

  7. _______ are determined in foreign exchange rate.

    (a)

    Rate of interest

    (b)

    Exchange rate

    (c)

    Net Exports

    (d)

    All the above

  8. _______ means value of exports is more than that of imports.

    (a)

    Unfavorable trade

    (b)

    International trade

    (c)

    Favorable trade

    (d)

    External trade

  9. ________ refers to the exchange of goods and services with the political and geographical boundaries of a nation.

    (a)

    Internal Trade

    (b)

    External Trade

    (c)

    Foreign Trade

    (d)

    Global trade

  10. Trade is of _____ types

    (a)

    One

    (b)

    Two

    (c)

    Three

    (d)

    Four

  11. The official reserve assets of a country include its_______.

    (a)

    Gold stock

    (b)

    Shares

    (c)

    Debenture

    (d)

    General reserve

  12. _________ is one of the types of BoP disequilibrium.

    (a)

    Income terms of trade

    (b)

    Devaluation

    (c)

    Structural

    (d)

    FDI

  13. __________ investment may also help increase competition.

    (a)

    Gold

    (b)

    Foreign

    (c)

    Inter Country

    (d)

    Money

  14. There are _______ major exchange rate system

    (a)

    two

    (b)

    three

    (c)

    four

    (d)

    five

  15. _________ refers to foreign currencies.

    (a)

    BOT

    (b)

    FOREX

    (c)

    BOP

    (d)

    FUND

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